The revival of Johannesburg’s inner city has seen an escalation in the value of property, making it more difficult for government and non profit organisations to provide much needed social housing for low-income earners.
George Palmer, one of Johannesburg's first big investors in inner-city residential property, is about to sell most of his portfolio.
The City of Johannesburg’s inner-city regeneration arm, the Johannesburg Housing Company, is making strides in Hillbrow’s rejuvenation, taking derelict blocks and turning them into housing.
Another major residential development is being planned for the popular Newtown precinct in the inner city.
The City of Johannesburg's property arm, the Jo'burg Property Company, is making huge strides in Hillbrow in its efforts to rejuvenate so-called "bad buildings" in the inner city.
Revamping run-down buildings in central business districts for low-cost housing is not seen as a workable concept
Johannesburg Housing Company CEO Taffy Adler said that the new R100m Brickfields residential project in Newtown, Johannesburg, launched yesterday, would see the first high-rise residential buildings erected in the inner city in about 30 years.
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